Company Law

High-5 Conglomerate Berhad & Ors [2015] MLJU 1903

The Applicants sought concurrent orders under Section 176 of the Companies Act 1965 to extend the restraining order and call for a creditors’ meeting to consider the Proposed Restructuring Scheme (“the PRS”). The High Court agreed with Mr. Benjamin Dawson that the PRS was not viable and not bona fide and rejected the application.